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Ryan

👤 Speaker
5380 total appearances

Appearances Over Time

Podcast Appearances

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Well, it's like crypto had to have cheap block space, I think.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Because that was really expensive the whole time on Bitcoin, on Ethereum.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And then also had to have some sort of a payment type of asset.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Because for all that Bitcoiners have talked about Bitcoin for Starbucks, there's a trade-off there between using your Bitcoin at Starbucks and it being a store of value asset that you don't actually want to spend it.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And so stable coins were the other unlock.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

I see cheap box block space and stable coins as the tech tree reason that crypto is now like really focused on the payments use case and everything's kind of fallen out from that.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

What's your take?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Wait, this will actually shock people.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

So you think you have around 700,000 daily active users on Sellout?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Okay, this is on Grow the Pi.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Where would I find this?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

On Chains?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Chains, let's see.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Merrick, can we get into the qualitative for a moment?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

So some really impressive metrics, particularly on the daily actives, right?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

So this implies that some of the type of user, obviously Tron is by far a leader among sort of stablecoin payment chains in terms of total value locked, right?

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

There's so much USDT on top of Tron.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

But you just said when it comes to daily actives, these would be like kind of smaller payments.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Yeah.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

weekly actives, okay, that Celo has actually taken a lead.